GILBERT, ARIZ. - Newmark Realty Capital has secured $3 million in permanent financing for a 41,157-square-foot office/warehouse building in Gilbert. Located within the Fiesta Commerce Center, the building is fully occupied by Lockheed Martin. Adam Parker of Newmark's Phoenix office arranged the financing for the undisclosed borrower.

Southwest Behavioral Health Services (SBH), a provider of mental health treatment, leased 11,228 square feet in the 2700 Tower in Phoenix. The 78-month deal includes tenant improvement build-outs of $27.50 per square foot. Southwest is relocating from 3450 N. Third Ave. The 15-story, 220,949-square-foot office tower at 2700 N. Central Ave. was built in 1985 in the the Downtown North submarket.

CBRE Investors: The Time to Buy is NowFor the most part, the investment community has been holding back on commercial real estate acquisitions, waiting and waiting for the market to hit bottom. But according to a new report by CB Richard Ellis Investors, while the bottom may not be at hand just yet, it's close enough.

Economic Update: MIT/CRE Index Takes Hit in 2Q09
Commercial real estate took a drubbing in the second quarter, according to the Massachusetts Institute of Technology Center for Real Estate, whose index tracking commercial properties sold by institutional investors dropped 18.1 percent during the second quarter of 2009. The index is down 32 percent from the same quarter a year ago and 39 percent from its mid-2007 (that is, bubble) peak.

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The article, “CBRE Investors: The Time to Buy is Now” has some really great quotes. The fact that no one can time the bottom but it is close enough is something to really focus on. Back in June, I made the following post: http://www.nickminer.com/2009/06/end-in-sight/

Here we are. We are fast approaching the end of the year. “So, now really is the time to buy; holding out for rock bottom may very well result in lost opportunities.”

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I'm Nick Miner. I have been working in Commercial Real Estate since 1998 and have completed over $225 million dollars of sales and leasing activity in my career. In September 2012, I made the move to ORION Investment Real Estate and am currently a Senior Vice President - Investments. How can I help you?